RBC Capital Remains a Hold on Federated Hermes (FHI)

In a report released on October 31, Kenneth Lee from RBC Capital maintained a Hold rating on Federated Hermes, with a price target of $51.00. The company’s shares opened today at $48.50.

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Lee covers the Financial sector, focusing on stocks such as Federated Hermes, Ares Management, and OneMain Holdings. According to TipRanks, Lee has an average return of 12.9% and a 64.59% success rate on recommended stocks.

Federated Hermes has an analyst consensus of Moderate Buy, with a price target consensus of $54.00, which is an 11.34% upside from current levels. In a report released today, J.P. Morgan also maintained a Hold rating on the stock with a $56.00 price target.

Based on Federated Hermes’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $469.45 million and a net profit of $106.1 million. In comparison, last year the company earned a revenue of $408.46 million and had a net profit of $83.79 million

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FHI in relation to earlier this year.